RoboSense (2498.HK) recently released its “PROVISIONAL RESULTS 2024” for the first half of the year, showcasing impressive operational highlights and significant growth in revenue. The total revenue for the period reached 727 million RMB, marking a substantial year-on-year increase of approximately 121.0%. This growth was further reflected in the global gross margin, which saw a significant improvement to 13.6%, representing an increase of approximately 9.7 percentage points compared to the same period in 2023.
One of the key success factors for RoboSense was the cumulative sales volume of LiDAR products, with approximately 583,500 units sold by June 30, 2024. Specifically, the sales volume for LiDAR products for ADAS applications reached around 518,300 units. The company experienced remarkable growth in this area, with sales volumes for LiDAR products increasing by 415.7% compared to the first half of 2023. This growth trend was also evident in the sales volumes for LiDAR products tailored for robotics and other applications, showing increases of 487.7% and 21.9%, respectively.
With the expected surge in global demand for LiDAR technology, RoboSense is poised to capitalize on this opportunity by introducing innovative products like the MX extremely profitable and the M3 maximum performance. The automotive industry remains a primary market for LiDAR products, with RoboSense achieving mass production success, but the company sees potential growth opportunities in other sectors within the global robotics technology market.
As an AI-driven robotics technology company, RoboSense is committed to investing in key technology fields such as AI algorithms, chips, and hardware to maintain its position as a leading player in both the automotive and robotics sectors. The company’s product platform has already catered to over 100,000 customers worldwide, including 2,400 customers in the robotics sector and other industries.
Looking ahead, RoboSense aims to expand its product offerings beyond LiDARs and provide more diversified solutions to meet the evolving needs of the market. With advancements in high-AI models and embedded artificial intelligence, the company foresees a significant growth potential in robotics demand across various industries.
Through continuous innovation and strategic investments, RoboSense is well-positioned to address the increasing demand for 3D perception sensors, particularly LiDAR technology. The company remains committed to driving intelligent unmanned robotic transformation in traditional industrial and commercial fields while exploring opportunities for growth in new consumer markets. For more information on RoboSense and its latest developments, please visit their official website.
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